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- Tasks: Join our Fund Accounting team to oversee UK funds and ensure compliance with regulations.
- Company: BNY Mellon is a leading global asset management and banking firm with a rich 240-year history.
- Benefits: Enjoy competitive pay, flexible work options, and generous paid leave for life's important moments.
- Why this job: Be part of a culture that encourages growth, innovation, and making a real impact in finance.
- Qualifications: A degree in accounting or equivalent experience, plus knowledge of FCA/PRA regulations and digital tools.
- Other info: This role is hybrid, requiring three days in the Manchester office.
The predicted salary is between 36000 - 60000 £ per year.
Overview
Senior Associate
Bring your ideas. Make history.
BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world\’s top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the \”bank of banks\” – 97% of the world\’s top banks work with us as we lead and serve our customers into the new era of digital.
With 240 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we\’re approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.
We\’re seeking a future team member for the role of Senior Associate to join our Fund/ Client Accounting team. This role is located in Manchester, UK and will be working in a hybrid capacity. (3 days a week in the office).
In this role, you\’ll make an impact in the following ways:
- Provide prime experience as core Fund Accounting senior subject matter experts.
- Provide UK specific requirements expertise including application of UK Regulations
- Assist with the development of the FA remediation plan and enhanced Oversight model.
- Complete Daily Oversight Reviews for UK Funds in line with NAV Production, including review of:
- Fund Performance based on daily movement and comparative benchmark where relevant.
- Share Class Performance to ensure that all share class performance returns are aligned across any single sub-fund and significant deviations are identified and justified.
- Significant movements
- Review of Cash/Asset Reconciliations per agreed model
- Review of Errors including deep dive discussions & remediation
- Review of FA Service Delivery Performance which focuses on timeliness and accuracy of Fund Accounting deliverables by client with narratives for each day\’s deliverables
- Participation in key FA Business forums
- Perform tasks in an accurate and timely manner and update MIS with details of assigned tasks
- Review FA Service Reporting, Service Delivery KPI\’s, Risk Incident Reporting, reconciliation Reporting.
- Assist the Managers with the following tasks:
- Outsource provider performance monitoring, reporting and escalation, including collation of monthly provider KRI, KPI and other MI data.
- Annual outsourced provider due diligence reviews
- Monitoring and escalation of any issues that arise relating to findings from Compliance, Audit, Risk or Client Due Diligence.
- Develop a sound understanding of all technical functions and processes in the team
- Identify processes/procedures which may be causing delays in performing the oversight function and escalate so that these issues may be addressed and resolved.
To be successful in this role, we\’re seeking the following:
- Bachelor\’s degree in accounting or the equivalent combination of education and experience is required.
- An understanding of Outsourcing and the FCA/PRA Regulations framework that supports this.
- Experience in Microsoft Office including excel, word and PowerPoint.
- Experience in Digital tools including Baseline, PowerBI, Alteryx and UIPath.
At BNY Mellon, our inclusive culture speaks for itself. Here\’s a few of our awards:
- Fortune World\’s Most Admired Companies & Top 20 for Diversity and Inclusion, 2023
- Bloomberg\’s Gender Equality Index (GEI), 2023
- Human Rights Campaign Foundation, Corporate Equality Index, 2023
- Best Places to Work for Disability Inclusion , Disability: IN – 100% score, 2023
- Dow Jones Sustainability Indices, Top performing company for Sustainability, 2023
- Forbes Blockchain 50, 2023
Our Benefits:
BNY Mellon offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life\’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves that can support you and your family through moments that matter.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer – Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
Employer Description:
For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world\’s financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It\’s the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.
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Fund Accountant employer: Ohio Society of CPAs
Contact Detail:
Ohio Society of CPAs Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Fund Accountant
✨Tip Number 1
Familiarise yourself with UK regulations and compliance frameworks, especially those related to outsourcing and the FCA/PRA. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the role's requirements.
✨Tip Number 2
Gain hands-on experience with digital tools mentioned in the job description, such as PowerBI and Alteryx. Being able to discuss your proficiency with these tools during your conversations can set you apart from other candidates.
✨Tip Number 3
Network with current or former employees of BNY Mellon on platforms like LinkedIn. Engaging with them can provide insights into the company culture and expectations, which can be invaluable during your application process.
✨Tip Number 4
Prepare for potential case studies or practical assessments that may be part of the interview process. Brush up on your fund accounting knowledge and be ready to discuss real-world scenarios that demonstrate your problem-solving skills.
We think you need these skills to ace Fund Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in fund accounting and your understanding of UK regulations. Use keywords from the job description to demonstrate that you meet the specific requirements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for finance and technology. Mention how your skills align with BNY Mellon's mission and values, and provide examples of how you've successfully handled similar responsibilities in the past.
Highlight Technical Skills: Emphasise your proficiency in Microsoft Office and any digital tools mentioned in the job description, such as PowerBI or Alteryx. Provide specific examples of how you've used these tools in previous roles to enhance your application.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial in the finance industry.
How to prepare for a job interview at Ohio Society of CPAs
✨Understand the Role
Before your interview, make sure you thoroughly understand the responsibilities of a Fund Accountant. Familiarise yourself with UK regulations and the specific requirements mentioned in the job description. This will help you demonstrate your knowledge and show that you're genuinely interested in the role.
✨Showcase Your Technical Skills
Be prepared to discuss your experience with digital tools like PowerBI, Alteryx, and UIPath. Highlight any relevant projects where you've used these tools to improve processes or deliver results. This will illustrate your ability to adapt to the technological aspects of the role.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and ability to handle oversight functions. Prepare examples from your past experiences where you identified issues, escalated them appropriately, and contributed to solutions. This will showcase your analytical thinking and proactive approach.
✨Emphasise Team Collaboration
BNY Mellon values teamwork, so be ready to discuss how you've worked effectively within a team in previous roles. Share examples of how you’ve collaborated with others to achieve common goals, especially in high-pressure situations. This will demonstrate your fit within their inclusive culture.
